Student Loans in New Hampshire

Average debt, state-specific forgiveness programs, and repayment strategies for New Hampshire borrowers in 2026.

Average Debt

$39,928

Monthly Payment (Std)

$454

State Tax Deduction

vs. National Avg

+$7,928

Student Loan Overview for New Hampshire

New Hampshire borrowers carry an average student loan debt of $39,928, which is above the national average of approximately $32,000. Under the Standard 10-year repayment plan at the current federal interest rate of 6.53%, New Hampshire graduates would pay $454 per month and a total of $14,552 in interest over the life of the loan.

For borrowers seeking lower monthly payments, income-driven repayment plans like SAVE (formerly REPAYE) cap payments at 5-10% of discretionary income. New Hampshire residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

New Hampshire Student Loan Forgiveness Programs

New Hampshire has the highest average student debt in the nation. The state offers the State Loan Repayment Program for healthcare providers.

In addition to state programs, New Hampshire borrowers have access to all federal forgiveness programs including PSLF, Teacher Loan Forgiveness ($17,500 for STEM and special education teachers), and income-driven repayment forgiveness after 20-25 years.

State Tax Deduction for Student Loan Interest

New Hampshire does not offer a state-level student loan interest deduction. However, you can still claim the federal deduction of up to $2,500 on your federal tax return.

Top New Hampshire Colleges & Average Debt

Institution	Avg. Graduate Debt
Dartmouth College	$22,000
University of New Hampshire	$38,000

* Debt figures are approximate averages for graduating students who borrowed.

Frequently Asked Questions

What is the average student loan debt in New Hampshire?

The average student loan borrower in New Hampshire graduates with approximately $39,928 in student loan debt. This is above the national average of $32,000.

Does New Hampshire offer student loan forgiveness?

New Hampshire has the highest average student debt in the nation. The state offers the State Loan Repayment Program for healthcare providers.

Can I deduct student loan interest on New Hampshire state taxes?

New Hampshire does not conform to the federal student loan interest deduction on state taxes. You can still claim the federal deduction of up to $2,500 on your federal return.

What are the best colleges in New Hampshire for low student debt?

Among New Hampshire institutions, Dartmouth College has an average graduate debt of $22,000. In-state tuition at public universities is significantly lower than out-of-state rates.

What repayment plan should I use for student loans in New Hampshire?

Your best plan depends on your income and career. New Hampshire residents earning under $50,000 should consider the SAVE plan for the lowest payments. Those in public service should pursue PSLF. Higher earners may benefit from the Standard plan or refinancing.

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